[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.03.12 17:22
• [The 140MW Aurora energy storage project in South Australia has received critical approval]
• Recently, Australian long-term thermal energy storage company 1414 Degrees announced that its 140MW Aurora battery energy storage system project in South Australia has successfully obtained full approval for generator performance standards from the Australian Energy Market Dispatch Centre and transmission operator ElectraNet.Editor/Yang Meiling

• 2026.03.12 17:22
• [State Power Investment Hubei Company deepens cooperation with Linyang Energy]
• Recently, Liu Juntao, Secretary of the Party Committee and Chairman of Hubei Electric Power Co., Ltd. of State Power Investment Corporation, led a team to visit Linyang Energy for inspection and exchange. Lu Yonghua, President of Linyang Group, and the company's executive team warmly welcomed him. During the meeting, both sides had in-depth discussions on multiple possibilities for cooperation in the energy sector.Editor/Yang Meiling